Director of Accounting Job at Future Energy in Troy

Position Summary

The Director of Accounting oversees the accounting department and ensures the accurate and timely reporting of financial information. This role involves managing accounting operations, implementing financial controls, and ensuring compliance with accounting standards and regulations. This role collaborates with other departments and senior management to support strategic financial decision-making and drive organizational financial health.

Job Responsibilities

Responsibility #1- Compliance and Controls

Leads and manages all aspects of accounting operations, including accounts payable, accounts receivable, general ledger, and commissions.

Develops and implements accounting policies and procedures to ensure compliance with internal controls and regulatory requirements.

Monitors and ensures compliance with federal, state, and local tax laws and regulations.

Oversees internal accounting and works with external accountants to facilitate annual reports and address any findings.

Responsibility #2- Financial Reporting

• Oversees the preparation and accuracy of financial statements, ensuring compliance with accounting standards (GAAP or IFRS) and regulatory requirements.
• Prepares and reviews monthly, quarterly, and annual financial reports for internal and external stakeholders.
• Ensures compliance with reporting requirements and deadlines.
• Provides detailed financial analysis and insights to support strategic decision-making.

Responsibility #3- Team Leadership

Manages, mentors, and develops accounting team, including recruiting, training, and evaluating performance.

Fosters a positive and productive work environment, encouraging collaboration and professional growth.

Monitors and analyzes financial performance, identifying trends, variances, and areas for improvement

Manages departmental budget and resources effectively

Sets goals and objectives for the accounting department, aligning them with organizational goals.

Responsibility #4- Financial Analysis and Planning

Analyzes financial performance, identifies trends, and provides insights to senior management.

Assists in budgeting and forecasting processes, providing accurate financial projections and variance analysis.

Supports strategic initiatives with detailed financial analysis and recommendations.

Ensures timely and accurate reconciliation of accounts and resolution of discrepancies.

Responsibility #5 Systems and Process Improvement

Develops and implements efficient accounting processes and controls to enhance operational efficiency and accuracy.

Along with support staff, develops and implements procedures to pay commissions to company sales representatives in accordance with properly approved compensation arrangements.

Continuously assesses and enhances accounting processes for efficiency and accuracy.

Oversees the implementation and maintenance of accounting systems and software to support efficient operations.

Ensures data integrity and security within financial systems.

Performs additional duties as deemed appropriate by Management.